Williamson Legacy Group LLC Takes Position in Western Digital Corporation $WDC

Key Points

• Williamson Legacy Group LLC disclosed a new fourth-quarter stake in Western Digital, buying 19,671 shares worth about $3.39 million. The position makes WDC its fourth-largest holding and roughly 2.6% of the portfolio.
• Institutional ownership remains high, with 92.51% of Western Digital shares held by institutions. The article also notes several other funds significantly increased their stakes in the stock.
• Western Digital has strong recent fundamentals and bullish analyst support: it beat quarterly earnings estimates, lifted its dividend, and received multiple buy target increases, even as some insiders have sold shares recently.

Williamson Legacy Group LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,671 shares of the data storage provider's stock, valued at approximately $3,389,000. Western Digital comprises about 2.6% of Williamson Legacy Group LLC's holdings, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of WDC. Rakuten Securities Inc. grew its stake in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider's stock valued at $27,000 after buying an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock valued at $29,000 after buying an additional 204 shares during the last quarter. Avion Wealth grew its stake in shares of Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider's stock valued at $31,000 after buying an additional 113 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider's stock worth $32,000 after purchasing an additional 178 shares during the period. Finally, BOKF NA boosted its holdings in shares of Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider's stock worth $33,000 after purchasing an additional 268 shares during the period. 92.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the sale, the insider directly owned 90,041 shares in the company, valued at $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Cynthia L. Tregillis sold 106 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $458.87, for a total transaction of $48,640.22. Following the completion of the sale, the insider owned 118,443 shares of the company's stock, valued at $54,349,939.41. This trade represents a 0.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,347 shares of company stock worth $17,974,293 over the last three months. Company insiders own 0.18% of the company's stock.

More Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Western Digital is benefiting from a sector-wide rally in memory and storage stocks after Micron’s surge sparked bullish sentiment across the AI memory complex. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Articles highlight growing storage demand as more people use large language models and AI systems, supporting the idea that Western Digital’s products will be needed more in future data centers. Why Is Everyone Talking About Western Digital Stock?
• Positive Sentiment: Western Digital’s recent post-quantum cryptography rollout in its Ultrastar UltraSMR drives is being framed as a strategic move for next-generation AI infrastructure and storage security. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
• Neutral Sentiment: Some coverage simply notes that Western Digital has been one of the stronger-performing data center/storage stocks this year, reinforcing momentum rather than introducing a new fundamental catalyst. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
• Negative Sentiment: Recent insider selling, including roughly $18 million in shares, may temper some enthusiasm because it can signal limited near-term confidence from executives. Western Digital Insiders Sold US$18m Of Shares Suggesting Hesitancy

Wall Street Analyst Weigh In

WDC has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Western Digital to $495.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Rosenblatt Securities increased their target price on shares of Western Digital from $340.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Cantor Fitzgerald increased their target price on shares of Western Digital to $660.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. UBS Group increased their target price on shares of Western Digital from $350.00 to $375.00 and gave the stock a "neutral" rating in a report on Friday, May 1st. Finally, Citigroup increased their target price on shares of Western Digital from $405.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $406.42.

Western Digital Price Performance

Shares of WDC opened at $524.65 on Wednesday. Western Digital Corporation has a one year low of $50.62 and a one year high of $536.12. The company has a 50-day simple moving average of $382.53 and a two-hundred day simple moving average of $274.09. The firm has a market capitalization of $180.84 billion, a PE ratio of 31.32 and a beta of 2.10.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $1.36 earnings per share. Western Digital's quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts expect that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital's dividend payout ratio (DPR) is 3.58%.

Western Digital Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.

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